Blockchain technology leads financial innovation and change
On November 29, the 2023 Shenzhen International FinTech Festival grandly opened at the Shenzhen Convention and Exhibition Center. This is the second consecutive annual special event held in Shenzhen, following the Jinke Festival held in 2022 as the first local government in mainland China. With the theme of "Digital Finance, Financial Digital Intelligence", this year's Jinke Festival focuses on the application and development of blockchain technology in the financial field, aiming to promote the implementation of financial technology and explore development prospects, and strengthen the domestic and foreign financial technology fields. exchanges and cooperation.
Blockchain technology is a securely shared, decentralized data ledger that can record transactions, track assets and build trust. Blockchain technology supports a specific group of participants to share data, ensuring data integrity through a single information source, eliminating data duplication and improving data security. Blockchain technology can realize data recording and on-chain data traceability without relying on a credit-granting third party. Through the data communication and trusted value exchange of the peer-to-peer network, it is very powerful against all attacks directed at the system center controller. Resistance.
Blockchain technology has broad application prospects in the financial field. It can improve financial efficiency, reduce financial costs, enhance financial security, and optimize financial services. Blockchain technology can be applied to payment settlement, cross-border remittances, supply chain finance, inclusive finance, digital currency, digital identity, financial supervision and other aspects, bringing convenience and value to financial institutions and financial users.
This year's Jinke Festival will host a series of colorful activities, including conferences, exhibitions, competitions and series of activities. The conference, namely the 2023 China (Shenzhen) Fintech Conference, will be held on the morning of November 29-30, inviting relevant leaders of national ministries and commissions, international guests, industry leaders, experts and scholars and other important guests, as well as the world's leading fintech companies, to jointly discuss the development trend and application prospects of fintech, the opportunities and challenges faced by financial digital intelligence and countermeasures. The conference will hold a main forum and eight sub-forums, covering topics such as fintech ethics and governance, fintech information creation, fintech empowering ESG investment and development, central bank digital currency and cross-border payments, fintech empowering inclusive finance, digital financial foundation, fintech empowering supply chain finance, Shenzhen-Hong Kong fintech empowering the Bay Area development and other fields. The conference will also release important results such as the list of fintech Luduan enterprises in the Greater Bay Area, the new version of the textbook for fintech teachers in Shenzhen, Hong Kong and Macao, and the research report on the development of fintech in small and medium-sized banks, as well as unveiling the joint innovation center for fintech in the capital market.
The exhibition was held from December 16 to 18 in conjunction with the Shenzhen International Financial Expo. Fintech companies, technology subsidiaries of licensed financial institutions, financial information companies, fintech infrastructure, as well as laboratories, research centers, incubators, accelerators and other platform carriers were invited to participate in the exhibition, which comprehensively showcased the application scenarios and solutions of innovative technology products. The competition set up the "Xili Lake Fintech College Student Challenge", which was launched in July. The finals and awards are planned to be held from December 16 to 18. The winning teams can receive prize money, fintech enterprise interview pass cards, honorary certificates and other rewards. The series of activities includes 9 special events, implementing an open cooperation mechanism, giving full play to the resource advantages of financial institutions, fintech companies, industry associations, scientific research institutes or other organizations, and creating a good atmosphere for promoting the development of fintech throughout the city.
Shenzhen attaches great importance to the development of digital finance. With excellent foundation, early start and strong policy support in the field of financial technology, it has initially formed a relatively complete financial technology ecosystem. In April 2022, the "Shenzhen Measures to Support the Development of Financial Technology" was issued and implemented, proposing a series of measures such as the introduction of financial technology institutions, the cultivation of compound talents, and the holding of financial technology festivals. In February 2023, the "Shenzhen Financial Technology Special Development Plan (2023-2025)" was released, further clarifying the tasks of building a world-class financial technology innovation ecosystem and improving the financial technology "technology research and development + scenario application + results transformation + talent support + standard construction" full process industrial chain.
The continuous holding of the Shenzhen International Fintech Festival is an important measure to continuously build consensus on development, promote exchanges and cooperation, and improve the industrial ecology. It is also an important platform to help accelerate the creation of a financial technology highland in the Guangdong-Hong Kong-Macao Greater Bay Area. This year's Fintech Festival will showcase the development and innovation achievements of Shenzhen's financial technology, especially the application and breakthroughs of blockchain technology in the financial field, and contribute to the high-quality development of my country's digital finance.